Conveyancing Act 1919
23ITransactions
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23I Transactions
23I Transactions
(1) The Registrar-General may refuse to register a transaction with respect to a lot in a plan of subdivision for lease purposes unless it comprises—
(a) the lease of the whole of the lot for a period that, including the period of any option to renew, does not exceed 20 years, or
(b) the transfer, conveyance, sublease, variation or mortgage of a leasehold interest so created.
(2) This section does not apply to an agreement with respect to land the subject of a proposed plan of subdivision for lease purposes, but the agreement is taken to be conditional on the registration of the proposed plan.
s 23I: Ins 1997 No 152, Sch 2 [3].